Home renovations in Edmonton have many benefits. Besides improving its appearance, renovating your home can make it more comfortable, provide better protection and give you a healthier living environment. To make a long story short, home renovations can significantly improve your quality of life. Some home renovation projects add great value to your home and they are a great choice if you are working with a strict budget and you want to prioritize. Here are some home renovations that definitely pay off:
Kitchen and Bathroom
Bathroom and kitchen renovations in Edmonton are the most profitable. Kitchen or bathroom renovations can pay back between 75% and 100% of their cost. Many real estate experts agree that homeowners who remodel to increase resale value should focus on these two areas. It is advisable to hire qualified contractors for bathroom and kitchen renovations in Edmonton.
Exterior and Interior Paint
Painting is a low-cost and profitable home renovation project. Painting the inside or outside of your home might generate a 50%-100% return on your investment. Painting improves the appearance of your home, making it look newer than it really is. If you are planning to sell your house, select neutral paint shades over trendy colours that might not appeal to every buyer.
The roof is a very important aspect of any home or building. Replacing your home’s roof shingles might offer a 50-80 percent rate of return. If your roof has a problem, consider repairing or replacing it. A good roof will not only increase the value of your home, but it will also protect you against different problems like water infiltration. The roof protects your family and valuables from weather elements, so make sure it is in top shape at all times.
Installing a new furnace or heating system might pay off substantially. Installing an energy efficient heating system will generate an estimated 50-80 percent payback, just like the roof. If you are worried about the cost of a new system, remember that this upgrade will help you benefit from an instant reduction in energy costs. A new and efficient heating system will make your home remarkably healthier and more comfortable.
Other home renovations in Edmonton that might have good payback potential (50-75 percent) include replacing windows, doors, flooring, adding a playroom, finishing the basement and installing a fireplace. Just consider the current state of your home and make the renovations that seem most important. If your windows and doors are old, for example, replacing them makes more sense than installing a fireplace.
Whatever home renovation project you are considering, if you want to recover the highest percentage of the cost, ensure that a qualified renovations contractor does the work properly. Do your research before starting the project and ensure that you hire the best expert for the job. Some people choose to carry out home renovations in Edmonton on their own to save some money, but this is imprudent. Hiring a contractor might be slightly expensive, but you will be at peace knowing that the results of the project will be tasteful.